Why is VRL Logistics falling/rising?

As of 11-Jul, VRL Logistics Ltd is experiencing a slight increase in its stock price, currently at 608.60, reflecting a change of 1.3 or 0.21% upwards. The stock has shown strong performance recently, outperforming its sector by 1.58% today and has been gaining for the last two days with a total return of 0.85%. It is also trading above its moving averages across various time frames, indicating positive momentum. The company has reported impressive financial results, including a 24.96% growth in net profit and a significant increase in profit after tax over the last six months, contributing to a favorable valuation compared to its peers. However, there are concerns regarding long-term growth, as net sales and operating profit have only grown at an annual rate of 8.33% and 19.55%, respectively, over the past five years.
In the broader market context, VRL Logistics has outperformed the benchmark Sensex over the past week and month, with returns of 1.29% and 5.38%, respectively, while the Sensex has declined by 1.12% and remained nearly flat at -0.02%. Year-to-date, VRL Logistics has achieved a return of 20.87%, significantly higher than the Sensex's 5.58%. This strong performance relative to the benchmark suggests that investor sentiment towards VRL Logistics remains positive, bolstered by high institutional holdings at 28.95%, which typically indicates confidence in the company's fundamentals.